AM Best Upgrades Credit Ratings of PMG Assurance Ltd.

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of PMG Assurance Ltd. (PMG) (Bermuda). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect PMG’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management. The ratings also